Karnataka : Chief Minister Basavaraj Bommai On Election Mode ; Woos Farmers By Friendly Schemes, Raising Loan Term Limits

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Seeking to woo farmers in an election year, Karnataka Chief Minister Basavaraj Bommai on Friday announced an increase in the limit of interest-free short-term loan given to farmers from Rs 3 lakh to Rs 5 lakh from the coming financial year.

This would ensure availability of hassle-free and need-based loan facility for making necessary preparation for farm-related activities, Bommai, who also holds the finance portfolio, said presenting the 2023-34 budget in the state Legislative Assembly.

“This year, loan of Rs 25,000 crore will be distributed to more than 30 lakh farmers,” he said.

As per ANI report, LoP and former CM Siddaramaiah and other Congress leaders in Karnataka Assembly during Budget presentation wore flowers on their ears alleging that BJP govt has cheated people by not fulfilling promises from previous budget & the promises made in 2018 manifesto.

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